Steam Now Accepting Bitcoin

Yesterday, April 27th, Bitcoin announced that it would be partnering with Valve in order to bring Bitcoin capabilities to Steam. Rory, Desmond, the author of the article announcement explains that Valve reached out to Bitcoin in order to accommodate emerging international gaming markets such as India, China, and Brazil.

What is Bitcoin?

Bitcoin is a decentralized digital currency. In fact, it is the first of its kind. This currency does not involve a bank but is dealt with completely online. You have what is considered to be a "digital wallet" which keeps track of your funds, and like regular cash and card, you can use it to buy just about anything.

About Valve

Valve, founded in 1996, is the developer of the platform Steam. This system reaches 237 countries and more than 89 million users. Steam is a host to thousands of popular game titles, serving as a download area and gaming platform.

The hopes in the application of this system would be to create a safer money transfer system when purchasing and downloading games. This way customers can avoid having to share sensitive information through the Steam site.

Have you ever used bitcoins? If so what did you think? Tell us below in the comments section!